Art? I'm having a hard time wrapping my head around that one. I keep looking at the equipment ( which is probably out of date) and thinking, "What a waste"
=wonders if any of those tires will fit her John Deere?=
To be honest, I thought the same thing, namely that the equipment didn't look all that bad.
For example. a couple of cultivators looked fine as well as did a couple other plows that aren't in the frame. I'm sure the tractors were shot, but I'd agree w/ you that it seems a waste.
OTOH, you can't depreciate the entire value of something - a tractor, a fence, etc.- over a ten yr. period as can a "real" farmer. Nope, you'd make do with your ten/twenty yr. old tractor.
This would've bothered my pop, too. He was against waste in any industry, but esp. critical of farmers and their subsidies. I remember a Sat. morning, driving into town for our weekly shopping trip and seeing the ditches alongside the road running full with irrigation water--the farmer was too lazy to go turn it off before he went to bed.
"They're...hell, WE'RE gonna be needin' that water in 20 years!"
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Art? I'm having a hard time wrapping my head around that one. I keep looking at the equipment ( which is probably out of date) and thinking, "What a waste"
=wonders if any of those tires will fit her John Deere?=
To be honest, I thought the same thing, namely that the equipment didn't look all that bad.
For example. a couple of cultivators looked fine as well as did a couple other plows that aren't in the frame. I'm sure the tractors were shot, but I'd agree w/ you that it seems a waste.
OTOH, you can't depreciate the entire value of something - a tractor, a fence, etc.- over a ten yr. period as can a "real" farmer. Nope, you'd make do with your ten/twenty yr. old tractor.
This would've bothered my pop, too. He was against waste in any industry, but esp. critical of farmers and their subsidies. I remember a Sat. morning, driving into town for our weekly shopping trip and seeing the ditches alongside the road running full with irrigation water--the farmer was too lazy to go turn it off before he went to bed.
"They're...hell, WE'RE gonna be needin' that water in 20 years!"
Damned if he wasn't right.
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